The Zhitong Finance App learned that Citi released a research report saying that it has carried out a 30-day positive catalyst observation on Jiangxi Copper Co., Ltd. (00358), and it is expected that the stock price will benefit from the rise in copper prices. The bank maintains the company's “buy” rating, and the target price for H shares is HK$49.5. The bank said that the team has a constructive view of the copper price outlook in the coming weeks. It believes that the Chinese spot market is showing signs of physical tightening. It is expected that the copper price will hit 14,500 US dollars per ton within the next three months, and the target price is 15,000 US dollars per ton at the end of the year. The bank estimates that for every 10% increase in copper prices, the net profit of Jiangxi Copper will increase by 8% in 2026.

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